Food and beverage conglomerate San Miguel Corp. (SMC) recently completed the $300-million sale of the international beer business to its flagship unit San Miguel Brewery (SMB) Inc.  Both San Miguel and SMB reported to the Philippines Stock Exchange, separately, the closing of the deal. It marked the completion of the spin-off of all the conglomerate’s [...]

Bibingkinitan! has embarked on an aggressive campaign to expand its number of outlets this year. The fast-rising Filipino food chain is aiming to open up about 100 new outlets all over the country, to bring its total number of stores to at least 250 by the end of 2010.
Richard V. Sanz, president and chief executive [...]

The SM Group announced recently that they will be opening up to 20 new stores in Metro Manila and surrounding provinces this year for their food retail unit. The company said it will be investing P1 billion to P2 billion for these projects.

The Terminator will visit the Philippines next year, but he won’t be here to promote nor shoot any film. Instead, the California Governor will be leading a group of US business delegation who will visit the country in February as part of the government’s marketing efforts to expand the market of Philippine exports and industries.

The San Miguel Corp. (SMC), the country with most diversified conglomerate, has been extended a P2 billion loan by the state-owned Land Bank of the Philippines (Landbank). The loan would be used by SMC to finance its expansion program.

To help entrepreneurs, especially those who were affected by the recent typhoons, the Department of Trade and Industry (DTI) said that they will be staging the trade fair called Impakabsat.
A yearly regional trade fair of the Cordillera Administrative Region (CAR), Impakabsat features products from Ifugao, Mountain Province, Abra, Kalinga, Apayao, Benguet and Baguio, where the [...]

His halo-halo business literally brings him called “cold cash.”
Xavier Mercado, a 28-year old entrepreneur from Iloilo, built his restaurant on a secret Ilokano recipe for halo-halo. “I love halo-halo, I consider it as one of the best desserts ever,” Mercado said.
His love story with halo-halo, a favorite summer concoction of Filipinos, started when he was [...]

Corazon Dayro Ong was awarded the recognition as this year’s Woman Entrepreneur of the Year. She was known to be the brain behind the highly successful and innovative food product, San Marino Corned Tuna. The honor was awarded to Ong during the recently concluded Entrepreneur of the Year 2009 awarding ceremonies which was held at [...]

To cover the shortage of rice which was caused by the recent string of typhoons that hit the country, the Philippine government has decided to import rice. Two companies, Daewoo International Corp. of South Korea, and Vietnam Southern Food Corp. (Vinafood) of Vietnam, have offered the lowest bids for 275,500 tons (250,000 metric tons) to [...]

A loan in the form of supplement investment agreement was acquired by the listed food service company Pancake House Inc.  The total amount of loans was P140 million, in which the company will issue the said amount in convertible loans to two Asia-based funds.
The proceeds of the loan will be used to pay for the [...]

The Philippines is getting more investments from other countries. This time, Thailand’s Charoen Pokphand Foods Public Co. Limited is investing an additional $40 million in the Philippines for the expansion of an integrated feed and prawn hatchery and grow-out farms in Luzon.
Charoen Pokphand is Thailand’s leading agro-industrial and food conglomerate.

Two back-to-back expos is expected to give  the Small and Medium Enterprises (SMEs), especially those in the food and beverage industry, a big boost this coming Christmas season.
The Food and Drinks Asia 2009 and Food Franchising 2009 will be held simultaneously on September 17 to September 20 at the World Trade Center (WTC).

Food and beverage giant San Miguel Corp. is eyeing the potential acquisition of the convenience store chain “Select” of Pilipinas Shell to expand its retailing business.  San Miguel said it was not interested in buying Pilipinas Shell itself, but it has been keen on Shell’s convenience store chain Select.
“We advise that the company may have [...]

It seems that lately, the most effective way to raise much needed funds is via retail bond offering, and many corporations have trekked this path to gain additional funds for their expansions and other purposes.
The latest to seek this opportunity is the holding company of the Gokongwei family. The JG Summit Holdings Inc. is seeking [...]

The Food Terminals Inc. (FTI) is a 120-hectare agro-industrial commercial estate in Taguig. It was built originally as a food processing and consolidation center for agricultural products. It houses more than 300 small-to-medium scale companies who are engaged in different industries such as manufacturing garments and electronics.

This coming Saturday, September 26, top Filipino baristas will compete against each other and prove their espresso and latté-making skills at the much-anticipated Grand Barista Cup Finals. The completion will be held at the World Trade Center and it will be a part of the Asia Food Expo (AFEX) 2009, which kicked off on Friday, [...]

Philippine corporate giant, San Miguel Corp. (SMC), has been diversifying from its traditional business of food and beverages. It has been expanding to other areas such as road projects and power generation. Because of this, the company is looking to sell a minority stake in its main businesses to raise funds which will be used [...]

Food and beverage giant San Miguel Corp. expressed interest to acquire a stake in the Subic-Clark-Tarlac Expressway (SCTex) last July. But they are not the only ones interested in the said project, because the Metro Pacific Tollways Corp. recently also expressed interest to take over the SCTex.

One sound investment that entrepreneurs might want to look into these days is joining the San Miguel Food Inc.’s (SMFI) roster of Poultry Contract Breeders and Growers. Being in the company of an elite team delivering the Magnolia Fresh Chicken to Filipinos is definitely a good option.
Take Ofel Dator’s word for it. Dator, owner of [...]

The energy investment arm of food and beverage giant San Miguel Corp., the San Miguel Energy Corp. (SMEC), will be conducting an initial public offering (IPO) within the next three years. This has been confirmed by San Miguel president Ramon S. Ang who said that they will definitely keep a 51% interest in SMEC in [...]